--%>

Exploitation problem

If the resource suppliers are paid less than the values of their marginal products [VMPs], then they are stated to be: (i) In equilibrium. (ii) Exploited. (iii) Monopolistic. (iv) Monopsonistic.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Long run economic profits at entry

    Unlike firms within pure competition, several unregulated monopolistic firms can potentially: (w) reap long run economic profits when entry barriers prevent competition. (x) generate only normal profits in the long run. (y) sustain consistent economic

  • Q : Neoclassical and heterodox One of my

    One of my friends can't succeed to get the answer of this question. Provide answer of this question. Economists of neoclassical argue that goods contain just subjective (or personal) use-value dimension; heterodox economists argue that goods contain use-value and soci

  • Q : Economic profits by potential customers

    When you lease a building for five years and rapidly achieve economic profits since it is located conveniently for potential customers: (1) you could capitalize some of these pure profits when you sold your business along with a sublease at the ending

  • Q : Problem on bonds and interest rate The

    The _______ price for a lately issued bond signifies that the firm issuing the bond is paying the _______ interest rate to borrow the funds. (1) Lower; lower. (2) Lower; higher. (3) Higher; higher. (4) None of the above. The interest rate is fixed.

    Q : History of Labor Union problem Can

    Can someone help me in finding out the right answer from the given options. Working time gone in strikes as the percent of net working time in the United States since from the end of World War II has: (1) Rose to around 20 percent. (2) Reduced to a bit over 6 percent.

  • Q : Enter an industry by barriers to entry

    Barriers to entry: (w) make this complicated or impossible for new firms to profitably enter an industry. (x) uniformly violate U.S. antitrust statutes. (y) are fundamentally technological instead of economic. (z) stimulate aggressive competition.

  • Q : Surviving firms in declining

    When firms exit a declining competitive industry, in that case surviving firms will: (i) reduce their outputs and prices. (ii) experience higher prices and profits. (iii) automate to adjust to lower wages. (iv) sell more output at lower prices. <

  • Q : Effect of total revenue on economic loss

    The economic loss occurs whenever total revenue: (i) Is equivalent to the total costs. (ii) Fails to cover the opportunity costs. (iii) Surpasses opportunity costs. (iv) Surpasses the explicit costs. Can someone please help me in f

  • Q : Excess of good in market problem The

    The excess of papayas would appear when: (1) seller’s supply prices increase to P1. (2) Govt. set a price ceiling of P1. (3) Growers predicted prices to soar. (4) Hurricane destroyed all Central American papaya plantations. (5) Government obliged a price floor o

  • Q : Variation of supply of loanable funds

    The supply of loanable funds varies positively along with the: (w) willingness of people to defer consumption into the future. (x) profitability and productivity of new capital investments. (y) price of the output which new capital will produce. (z) f